FNDX vs. SSPY ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Syntax Stratified LargeCap ETF (SSPY)

FNDX

Schwab Fundamental U.S. Large Company Index ETF

FNDX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$70.46

Average Daily Volume

432,235

Number of Holdings ^*

718

* may have additional holdings in another (foreign) market

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$79.62

Average Daily Volume

2,686

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	SSPY
30 Days	1.97%	2.58%
60 Days	2.01%	3.22%
90 Days	5.50%	5.43%
12 Months	23.60%	19.73%

465 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in SSPY	Overlap
A	C	0.06%	0.15%	0.06%
AAL	D	0.0%	0.19%	0.0%
AAPL	D	4.47%	0.52%	0.52%
ABBV	B	0.61%	0.29%	0.29%
ABT	B	0.33%	0.07%	0.07%
ACGL	A	0.05%	0.16%	0.05%
ACN	C	0.33%	0.16%	0.16%
ADBE	D	0.21%	0.18%	0.18%
ADI	D	0.13%	0.21%	0.13%
ADM	D	0.23%	0.37%	0.23%
ADP	A	0.14%	0.25%	0.14%
ADSK	B	0.03%	0.19%	0.03%
AEE	A	0.07%	0.09%	0.07%
AEP	A	0.18%	0.29%	0.18%
AES	C	0.06%	0.25%	0.06%
AFL	B	0.23%	0.25%	0.23%
AIG	D	0.29%	0.25%	0.25%
AIZ	C	0.03%	0.29%	0.03%
AJG	A	0.05%	0.04%	0.04%
AKAM	D	0.04%	0.28%	0.04%
ALB	D	0.02%	0.04%	0.02%
ALGN	D	0.02%	0.09%	0.02%
ALL	A	0.29%	0.3%	0.29%
ALLE	A	0.02%	0.09%	0.02%
AMAT	D	0.25%	0.12%	0.12%
AMCR	B	0.02%	0.14%	0.02%
AMD	D	0.09%	0.12%	0.09%
AME	D	0.05%	0.12%	0.05%
AMGN	B	0.48%	0.27%	0.27%
AMP	B	0.12%	0.09%	0.09%
AMT	B	0.14%	0.08%	0.08%
AMZN	C	1.32%	0.14%	0.14%
ANET	C	0.03%	0.2%	0.03%
ANSS	D	0.02%	0.16%	0.02%
AON	B	0.12%	0.04%	0.04%
AOS	D	0.03%	0.18%	0.03%
APA	F	0.03%	0.06%	0.03%
APD	B	0.11%	0.05%	0.05%
APH	D	0.08%	0.17%	0.08%
APTV	F	0.04%	0.37%	0.04%
ARE	B	0.03%	0.11%	0.03%
ATO	A	0.04%	0.38%	0.04%
AVB	B	0.05%	0.12%	0.05%
AVGO	C	0.63%	0.18%	0.18%
AVY	B	0.04%	0.06%	0.04%
AWK	A	0.05%	0.38%	0.05%
AXP	B	0.36%	0.05%	0.05%
AZO	C	0.06%	0.15%	0.06%
BA	F	0.14%	0.15%	0.14%
BAC	D	1.27%	0.13%	0.13%
BALL	C	0.06%	0.12%	0.06%
BAX	C	0.08%	0.06%	0.06%
BBWI	F	0.03%	0.11%	0.03%
BBY	B	0.19%	0.19%	0.19%
BDX	D	0.11%	0.05%	0.05%
BEN	D	0.04%	0.07%	0.04%
BG	F	0.11%	0.36%	0.11%
BIIB	F	0.11%	0.21%	0.11%
BK	A	0.26%	0.13%	0.13%
BKNG	B	0.2%	0.12%	0.12%
BKR	D	0.14%	0.36%	0.14%
BLDR	C	0.04%	0.21%	0.04%
BLK	A	0.25%	0.09%	0.09%
BMY	C	0.36%	0.29%	0.29%
BR	B	0.04%	0.12%	0.04%
BRK.A	C	2.4%	0.57%	0.57%
BRO	B	0.03%	0.04%	0.03%
BSX	B	0.09%	0.07%	0.07%
BWA	F	0.05%	0.38%	0.05%
BX	A	0.11%	0.1%	0.1%
BXP	A	0.05%	0.13%	0.05%
C	D	1.11%	0.13%	0.13%
CAG	B	0.07%	0.25%	0.07%
CAH	B	0.07%	0.22%	0.07%
CARR	A	0.12%	0.08%	0.08%
CAT	C	0.39%	0.13%	0.13%
CB	B	0.29%	0.16%	0.16%
CBOE	B	0.02%	0.05%	0.02%
CBRE	B	0.12%	0.05%	0.05%
CCI	B	0.1%	0.08%	0.08%
CCL	C	0.05%	0.09%	0.05%
CDNS	D	0.03%	0.27%	0.03%
CDW	D	0.06%	0.12%	0.06%
CE	D	0.06%	0.06%	0.06%
CEG	C	0.09%	0.24%	0.09%
CF	C	0.06%	0.09%	0.06%
CFG	C	0.11%	0.07%	0.07%
CHD	B	0.04%	0.42%	0.04%
CHRW	C	0.08%	0.1%	0.08%
CHTR	D	0.33%	0.59%	0.33%
CI	B	0.55%	0.21%	0.21%
CINF	B	0.07%	0.17%	0.07%
CL	C	0.16%	0.48%	0.16%
CLX	B	0.04%	0.53%	0.04%
CMCSA	D	0.75%	0.53%	0.53%
CME	B	0.08%	0.05%	0.05%
CMG	C	0.03%	0.42%	0.03%
CMI	C	0.17%	0.08%	0.08%
CMS	A	0.06%	0.09%	0.06%
CNC	C	0.27%	0.27%	0.27%
CNP	C	0.06%	0.22%	0.06%
COF	D	0.41%	0.71%	0.41%
COP	F	0.44%	0.07%	0.07%
COST	B	0.7%	0.78%	0.7%
CPAY	C	0.05%	0.05%	0.05%
CPB	B	0.04%	0.25%	0.04%
CPRT	F	0.02%	0.21%	0.02%
CPT	B	0.02%	0.12%	0.02%
CRL	D	0.01%	0.13%	0.01%
CRM	D	0.11%	0.35%	0.11%
CSCO	C	0.73%	0.21%	0.21%
CSX	D	0.22%	0.09%	0.09%
CTAS	B	0.09%	0.22%	0.09%
CTLT	B	0.02%	0.27%	0.02%
CTRA	F	0.02%	0.14%	0.02%
CTSH	B	0.18%	0.16%	0.16%
CTVA	B	0.08%	0.09%	0.08%
CVS	D	0.67%	0.62%	0.62%
CVX	D	1.1%	0.69%	0.69%
CZR	D	0.02%	0.07%	0.02%
D	B	0.19%	0.28%	0.19%
DAL	C	0.02%	0.17%	0.02%
DD	B	0.18%	0.05%	0.05%
DE	B	0.21%	0.13%	0.13%
DECK	C	0.03%	0.26%	0.03%
DFS	C	0.22%	0.73%	0.22%
DG	F	0.08%	0.11%	0.08%
DGX	B	0.07%	0.18%	0.07%
DHI	B	0.19%	0.33%	0.19%
DHR	B	0.16%	0.09%	0.09%
DIS	D	0.37%	0.18%	0.18%
DLR	A	0.07%	0.26%	0.07%
DLTR	F	0.05%	0.11%	0.05%
DOC	B	0.04%	0.12%	0.04%
DOV	B	0.06%	0.17%	0.06%
DOW	F	0.2%	0.06%	0.06%
DPZ	D	0.04%	0.4%	0.04%
DRI	C	0.05%	0.52%	0.05%
DTE	A	0.08%	0.28%	0.08%
DUK	B	0.34%	0.09%	0.09%
DVA	A	0.06%	0.12%	0.06%
DVN	F	0.09%	0.15%	0.09%
EA	C	0.08%	0.53%	0.08%
EBAY	A	0.18%	0.17%	0.17%
ECL	A	0.09%	0.05%	0.05%
ED	B	0.13%	0.29%	0.13%
EFX	B	0.04%	0.05%	0.04%
EG	B	0.03%	0.15%	0.03%
EIX	B	0.11%	0.29%	0.11%
EL	F	0.04%	0.33%	0.04%
ELV	B	0.52%	0.27%	0.27%
EMN	A	0.08%	0.05%	0.05%
EMR	D	0.15%	0.03%	0.03%
EOG	D	0.21%	0.07%	0.07%
EPAM	D	0.01%	0.15%	0.01%
EQIX	B	0.08%	0.29%	0.08%
EQR	B	0.06%	0.12%	0.06%
EQT	D	0.03%	0.13%	0.03%
ES	B	0.09%	0.09%	0.09%
ESS	A	0.03%	0.12%	0.03%
ETN	C	0.2%	0.23%	0.2%
ETR	A	0.1%	0.28%	0.1%
EVRG	A	0.07%	0.09%	0.07%
EW	D	0.04%	0.05%	0.04%
EXC	A	0.17%	0.33%	0.17%
EXPD	D	0.02%	0.08%	0.02%
EXPE	C	0.03%	0.12%	0.03%
EXR	A	0.04%	0.12%	0.04%
F	D	0.32%	0.23%	0.23%
FANG	F	0.05%	0.07%	0.05%
FAST	C	0.06%	0.13%	0.06%
FCX	D	0.13%	0.21%	0.13%
FDX	C	0.33%	0.09%	0.09%
FE	B	0.1%	0.29%	0.1%
FFIV	A	0.03%	0.24%	0.03%
FIS	A	0.13%	0.06%	0.06%
FITB	B	0.13%	0.07%	0.07%
FMC	C	0.03%	0.09%	0.03%
FOXA	C	0.09%	0.12%	0.09%
FSLR	D	0.02%	0.14%	0.02%
FTNT	B	0.03%	0.21%	0.03%
FTV	C	0.03%	0.03%	0.03%
GD	B	0.22%	0.17%	0.17%
GDDY	D	0.03%	0.29%	0.03%
GE	A	0.17%	0.18%	0.17%
GEHC	C	0.07%	0.09%	0.07%
GEV	B	0.04%	0.2%	0.04%
GILD	B	0.33%	0.3%	0.3%
GIS	B	0.13%	0.24%	0.13%
GL	C	0.03%	0.26%	0.03%
GLW	C	0.13%	0.21%	0.13%
GM	C	0.72%	0.25%	0.25%
GNRC	D	0.02%	0.08%	0.02%
GOOG	D	1.07%	0.19%	0.19%
GOOGL	D	1.23%	0.19%	0.19%
GPC	D	0.06%	0.15%	0.06%
GPN	C	0.08%	0.05%	0.05%
GRMN	D	0.04%	0.38%	0.04%
GS	D	0.57%	0.27%	0.27%
GWW	B	0.07%	0.14%	0.07%
HAL	F	0.06%	0.29%	0.06%
HAS	B	0.03%	0.27%	0.03%
HBAN	B	0.07%	0.07%	0.07%
HCA	A	0.25%	0.38%	0.25%
HD	B	0.75%	0.26%	0.26%
HES	F	0.05%	0.06%	0.05%
HIG	B	0.15%	0.17%	0.15%
HII	D	0.05%	0.09%	0.05%
HLT	B	0.06%	0.11%	0.06%
HOLX	B	0.04%	0.1%	0.04%
HON	D	0.34%	0.16%	0.16%
HPE	F	0.2%	0.16%	0.16%
HPQ	D	0.21%	0.32%	0.21%
HRL	C	0.03%	0.4%	0.03%
HSIC	D	0.04%	0.21%	0.04%
HST	D	0.04%	0.1%	0.04%
HSY	B	0.04%	0.2%	0.04%
HUBB	B	0.03%	0.25%	0.03%
HUM	F	0.23%	0.26%	0.23%
HWM	B	0.06%	0.09%	0.06%
IBM	A	0.58%	0.4%	0.4%
ICE	B	0.13%	0.05%	0.05%
IDXX	C	0.02%	0.08%	0.02%
IEX	D	0.02%	0.19%	0.02%
IFF	B	0.06%	0.05%	0.05%
INTC	F	0.61%	0.08%	0.08%
INTU	C	0.1%	0.23%	0.1%
INVH	B	0.03%	0.11%	0.03%
IP	B	0.15%	0.07%	0.07%
IPG	C	0.04%	0.35%	0.04%
IQV	C	0.09%	0.16%	0.09%
IR	D	0.03%	0.18%	0.03%
IRM	A	0.07%	0.08%	0.07%
ISRG	B	0.08%	0.14%	0.08%
IT	B	0.03%	0.15%	0.03%
ITW	B	0.14%	0.17%	0.14%
IVZ	C	0.04%	0.09%	0.04%
J	D	0.06%	0.39%	0.06%
JBHT	D	0.04%	0.09%	0.04%
JBL	D	0.05%	0.29%	0.05%
JCI	B	0.15%	0.07%	0.07%
JKHY	A	0.02%	0.06%	0.02%
JNJ	B	1.01%	0.29%	0.29%
JNPR	B	0.05%	0.22%	0.05%
JPM	D	2.06%	0.14%	0.14%
K	A	0.07%	0.26%	0.07%
KDP	B	0.08%	0.27%	0.08%
KEY	B	0.1%	0.07%	0.07%
KEYS	C	0.03%	0.21%	0.03%
KHC	C	0.11%	0.24%	0.11%
KIM	B	0.03%	0.08%	0.03%
KKR	B	0.11%	0.09%	0.09%
KLAC	D	0.1%	0.14%	0.1%
KMB	C	0.12%	0.45%	0.12%
KMI	B	0.19%	0.27%	0.19%
KMX	D	0.07%	0.17%	0.07%
KO	B	0.44%	0.29%	0.29%
KR	B	0.29%	0.77%	0.29%
KVUE	B	0.03%	0.55%	0.03%
L	C	0.05%	0.54%	0.05%
LDOS	B	0.08%	0.14%	0.08%
LEN	B	0.18%	0.29%	0.18%
LHX	C	0.16%	0.09%	0.09%
LIN	B	0.36%	0.05%	0.05%
LKQ	D	0.05%	0.15%	0.05%
LLY	C	0.27%	0.26%	0.26%
LMT	B	0.4%	0.1%	0.1%
LNT	A	0.04%	0.09%	0.04%
LOW	B	0.4%	0.27%	0.27%
LRCX	F	0.16%	0.12%	0.12%
LULU	D	0.02%	0.24%	0.02%
LUV	C	0.02%	0.2%	0.02%
LVS	D	0.03%	0.06%	0.03%
LW	D	0.01%	0.16%	0.01%
LYB	F	0.16%	0.07%	0.07%
MA	A	0.28%	0.05%	0.05%
MAA	A	0.04%	0.13%	0.04%
MAR	D	0.08%	0.11%	0.08%
MAS	B	0.06%	0.21%	0.06%
MCD	B	0.33%	0.57%	0.33%
MCHP	D	0.05%	0.11%	0.05%
MCK	F	0.11%	0.17%	0.11%
MCO	B	0.08%	0.05%	0.05%
MDLZ	B	0.22%	0.21%	0.21%
MDT	B	0.27%	0.07%	0.07%
MET	B	0.26%	0.22%	0.22%
META	B	1.78%	0.44%	0.44%
MGM	D	0.05%	0.06%	0.05%
MHK	B	0.07%	0.25%	0.07%
MKC	B	0.04%	0.26%	0.04%
MLM	D	0.04%	0.15%	0.04%
MMC	A	0.15%	0.04%	0.04%
MMM	A	0.39%	0.21%	0.21%
MNST	C	0.04%	0.26%	0.04%
MO	C	0.39%	0.46%	0.39%
MOH	C	0.05%	0.28%	0.05%
MOS	F	0.06%	0.08%	0.06%
MPC	F	0.44%	0.48%	0.44%
MRK	D	0.51%	0.22%	0.22%
MRNA	F	0.04%	0.14%	0.04%
MRO	D	0.08%	0.07%	0.07%
MS	D	0.36%	0.26%	0.26%
MSCI	C	0.03%	0.05%	0.03%
MSFT	C	2.41%	0.3%	0.3%
MSI	B	0.06%	0.58%	0.06%
MTB	B	0.1%	0.07%	0.07%
MTD	D	0.04%	0.13%	0.04%
MU	F	0.36%	0.08%	0.08%
NDAQ	B	0.03%	0.05%	0.03%
NDSN	C	0.02%	0.03%	0.02%
NEE	B	0.27%	0.28%	0.27%
NEM	B	0.19%	0.31%	0.19%
NFLX	B	0.14%	0.22%	0.14%
NI	A	0.04%	0.39%	0.04%
NKE	D	0.18%	0.25%	0.18%
NOC	B	0.21%	0.1%	0.1%
NOW	B	0.01%	0.39%	0.01%
NRG	C	0.1%	0.3%	0.1%
NSC	C	0.21%	0.1%	0.1%
NTAP	D	0.08%	0.18%	0.08%
NTRS	B	0.07%	0.09%	0.07%
NUE	D	0.18%	0.23%	0.18%
NVDA	D	0.34%	0.11%	0.11%
NVR	B	0.08%	0.29%	0.08%
NWSA	D	0.04%	0.1%	0.04%
NXPI	F	0.08%	0.19%	0.08%
O	B	0.04%	0.08%	0.04%
ODFL	D	0.05%	0.09%	0.05%
OKE	A	0.13%	0.29%	0.13%
OMC	B	0.08%	0.37%	0.08%
ON	D	0.04%	0.21%	0.04%
ORCL	B	0.4%	0.34%	0.34%
ORLY	B	0.1%	0.17%	0.1%
OTIS	C	0.05%	0.07%	0.05%
OXY	F	0.12%	0.06%	0.06%
PANW	C	0.03%	0.18%	0.03%
PARA	F	0.1%	0.2%	0.1%
PAYX	B	0.06%	0.24%	0.06%
PCAR	D	0.13%	0.11%	0.11%
PCG	B	0.03%	0.08%	0.03%
PEG	A	0.11%	0.28%	0.11%
PEP	B	0.45%	0.2%	0.2%
PFE	C	0.72%	0.27%	0.27%
PFG	C	0.08%	0.21%	0.08%
PG	A	0.84%	0.45%	0.45%
PGR	B	0.26%	0.31%	0.26%
PH	B	0.11%	0.09%	0.09%
PHM	B	0.12%	0.29%	0.12%
PKG	B	0.07%	0.07%	0.07%
PLD	B	0.08%	0.08%	0.08%
PM	B	0.51%	0.47%	0.47%
PNC	B	0.3%	0.07%	0.07%
PNR	A	0.03%	0.21%	0.03%
PNW	A	0.04%	0.09%	0.04%
POOL	C	0.02%	0.13%	0.02%
PPG	C	0.08%	0.07%	0.07%
PPL	A	0.11%	0.09%	0.09%
PRU	C	0.24%	0.2%	0.2%
PSA	A	0.06%	0.14%	0.06%
PSX	F	0.38%	0.47%	0.38%
PWR	C	0.06%	0.34%	0.06%
PYPL	B	0.19%	0.06%	0.06%
QCOM	D	0.46%	0.17%	0.17%
QRVO	F	0.05%	0.21%	0.05%
REG	B	0.02%	0.08%	0.02%
REGN	C	0.16%	0.27%	0.16%
RF	C	0.08%	0.07%	0.07%
RJF	C	0.04%	0.25%	0.04%
RL	B	0.03%	0.29%	0.03%
RMD	B	0.04%	0.12%	0.04%
ROK	D	0.05%	0.03%	0.03%
ROP	B	0.05%	0.03%	0.03%
ROST	C	0.08%	0.77%	0.08%
RSG	B	0.07%	0.2%	0.07%
RTX	C	0.37%	0.1%	0.1%
SBAC	B	0.02%	0.08%	0.02%
SBUX	C	0.26%	0.58%	0.26%
SCHW	D	0.1%	0.21%	0.1%
SHW	A	0.09%	0.08%	0.08%
SJM	C	0.06%	0.23%	0.06%
SLB	F	0.12%	0.31%	0.12%
SNA	B	0.04%	0.26%	0.04%
SNPS	D	0.03%	0.26%	0.03%
SO	A	0.29%	0.09%	0.09%
SOLV	C	0.04%	0.06%	0.04%
SPG	B	0.11%	0.07%	0.07%
SPGI	A	0.15%	0.05%	0.05%
SRE	B	0.12%	0.08%	0.08%
STE	B	0.03%	0.14%	0.03%
STLD	F	0.09%	0.23%	0.09%
STT	B	0.1%	0.13%	0.1%
STX	D	0.1%	0.19%	0.1%
STZ	C	0.07%	0.25%	0.07%
SW	B	0.11%	0.06%	0.06%
SWK	B	0.08%	0.29%	0.08%
SWKS	F	0.05%	0.21%	0.05%
SYF	D	0.29%	0.77%	0.29%
SYK	B	0.12%	0.13%	0.12%
SYY	C	0.1%	0.83%	0.1%
T	A	1.29%	0.4%	0.4%
TAP	C	0.05%	0.28%	0.05%
TDG	B	0.08%	0.07%	0.07%
TDY	B	0.02%	0.04%	0.02%
TEL	D	0.11%	0.18%	0.11%
TER	D	0.05%	0.14%	0.05%
TFC	D	0.24%	0.07%	0.07%
TFX	B	0.02%	0.06%	0.02%
TGT	C	0.38%	0.18%	0.18%
TJX	B	0.23%	0.81%	0.23%
TMO	B	0.29%	0.16%	0.16%
TMUS	A	0.23%	0.37%	0.23%
TPR	C	0.04%	0.3%	0.04%
TRGP	B	0.06%	0.3%	0.06%
TRMB	C	0.02%	0.03%	0.02%
TROW	D	0.11%	0.07%	0.07%
TRV	A	0.29%	0.17%	0.17%
TSCO	B	0.06%	0.12%	0.06%
TSLA	C	0.17%	0.3%	0.17%
TSN	C	0.21%	0.46%	0.21%
TT	A	0.08%	0.08%	0.08%
TTWO	D	0.03%	0.49%	0.03%
TXN	D	0.35%	0.23%	0.23%
TXT	D	0.06%	0.17%	0.06%
UBER	C	0.04%	0.11%	0.04%
UDR	B	0.02%	0.12%	0.02%
UHS	B	0.11%	0.4%	0.11%
ULTA	D	0.03%	0.16%	0.03%
UNH	C	1.26%	0.32%	0.32%
UNP	B	0.41%	0.09%	0.09%
UPS	D	0.25%	0.08%	0.08%
URI	C	0.12%	0.14%	0.12%
USB	C	0.32%	0.06%	0.06%
V	A	0.34%	0.05%	0.05%
VICI	B	0.02%	0.08%	0.02%
VLO	F	0.4%	0.45%	0.4%
VMC	D	0.04%	0.15%	0.04%
VRSK	D	0.04%	0.04%	0.04%
VRSN	D	0.01%	0.27%	0.01%
VRTX	C	0.08%	0.25%	0.08%
VST	C	0.11%	0.26%	0.11%
VTR	B	0.09%	0.14%	0.09%
VTRS	C	0.1%	0.27%	0.1%
VZ	A	1.28%	0.36%	0.36%
WAB	B	0.06%	0.13%	0.06%
WAT	C	0.04%	0.16%	0.04%
WBA	F	0.14%	0.38%	0.14%
WBD	D	0.06%	0.2%	0.06%
WDC	D	0.13%	0.16%	0.13%
WEC	B	0.08%	0.09%	0.08%
WELL	B	0.1%	0.14%	0.1%
WFC	F	1.19%	0.12%	0.12%
WM	D	0.15%	0.19%	0.15%
WMB	A	0.15%	0.27%	0.15%
WMT	B	1.45%	0.86%	0.86%
WRB	C	0.04%	0.16%	0.04%
WST	F	0.02%	0.05%	0.02%
WTW	B	0.07%	0.04%	0.04%
WY	C	0.09%	0.17%	0.09%
XEL	B	0.11%	0.09%	0.09%
XOM	D	1.97%	0.79%	0.79%
XYL	D	0.04%	0.18%	0.04%
YUM	B	0.08%	0.49%	0.08%
ZBH	D	0.05%	0.12%	0.05%
ZBRA	C	0.03%	0.13%	0.03%
ZTS	B	0.08%	0.28%	0.08%

FNDX Overweight 253 Positions Relative to SSPY

Symbol	Grade	Weight
LUMN	C	0.44%
ALLY	F	0.13%
ARW	C	0.09%
JLL	B	0.09%
AVT	D	0.08%
RS	D	0.08%
THC	B	0.08%
R	B	0.07%
WHR	D	0.07%
FNF	B	0.07%
KSS	F	0.07%
OGN	C	0.07%
USFD	A	0.07%
X	D	0.07%
LAD	C	0.06%
OC	C	0.06%
LNC	D	0.06%
CMA	B	0.06%
LEA	F	0.06%
VFC	C	0.06%
INGR	B	0.05%
MKL	C	0.05%
SFM	B	0.05%
CSL	C	0.05%
TDS	B	0.05%
UGI	B	0.05%
OVV	F	0.05%
EQH	C	0.05%
KD	D	0.05%
DXC	C	0.05%
GPI	B	0.05%
ORI	B	0.05%
UNM	B	0.05%
CASY	C	0.05%
WSM	C	0.05%
LSXMK	D	0.05%
MAN	D	0.05%
DKS	D	0.05%
EME	A	0.05%
PFGC	B	0.05%
DINO	F	0.05%
AN	D	0.05%
LNG	C	0.05%
JEF	B	0.05%
ZION	D	0.05%
FLEX	D	0.05%
M	D	0.05%
TOL	B	0.05%
OMF	D	0.05%
AMG	C	0.04%
OSK	D	0.04%
BAP	B	0.04%
BAH	B	0.04%
TMHC	B	0.04%
SLM	D	0.04%
SSNC	A	0.04%
WU	F	0.04%
CNO	B	0.04%
FL	D	0.04%
CCK	A	0.04%
DOX	C	0.04%
KNX	C	0.04%
JXN	B	0.04%
EVR	B	0.04%
THO	C	0.04%
ZIM	C	0.04%
PVH	D	0.04%
FAF	A	0.04%
VNO	A	0.04%
RGA	B	0.04%
ACM	B	0.04%
BERY	B	0.04%
AA	D	0.04%
GAP	F	0.04%
ALSN	B	0.04%
AFG	B	0.04%
MUSA	B	0.04%
CG	D	0.03%
SKX	C	0.03%
SAIC	B	0.03%
ITT	C	0.03%
SUI	B	0.03%
SNV	C	0.03%
AVTR	B	0.03%
VOYA	A	0.03%
CW	B	0.03%
SCI	A	0.03%
SEE	D	0.03%
ALV	F	0.03%
SNX	D	0.03%
MTG	B	0.03%
HOG	C	0.03%
ABM	D	0.03%
CIEN	C	0.03%
BC	D	0.03%
ILMN	C	0.03%
SON	C	0.03%
NWL	C	0.03%
TRU	A	0.03%
AGCO	D	0.03%
FLR	D	0.03%
AER	C	0.03%
SWN	D	0.03%
GNTX	F	0.03%
JHG	B	0.03%
EWBC	D	0.03%
LPLA	F	0.03%
AAP	F	0.03%
CMC	D	0.03%
SLG	B	0.03%
BPOP	C	0.03%
CLF	F	0.03%
RRX	C	0.03%
MTZ	B	0.03%
FHN	C	0.03%
LII	A	0.03%
OLN	D	0.03%
CHKP	B	0.03%
MLI	B	0.03%
PBF	F	0.03%
ARMK	B	0.03%
CRBG	D	0.03%
APO	C	0.03%
OGE	B	0.03%
TPH	C	0.03%
FYBR	C	0.03%
WCC	D	0.03%
GT	F	0.03%
KBH	B	0.03%
BURL	B	0.03%
WSO	C	0.03%
RHI	D	0.03%
NXST	D	0.03%
GNW	B	0.03%
SANM	D	0.03%
CCEP	B	0.03%
HBI	B	0.03%
BCC	C	0.03%
UFPI	C	0.03%
CACI	B	0.03%
GPK	A	0.03%
HUN	D	0.03%
CNH	C	0.03%
LPX	B	0.03%
RPM	B	0.03%
MTH	B	0.03%
MRVL	C	0.03%
AYI	B	0.03%
ADNT	F	0.02%
SPTN	C	0.02%
ODP	F	0.02%
LEG	D	0.02%
CNX	B	0.02%
OI	D	0.02%
WLK	D	0.02%
GXO	D	0.02%
DAN	F	0.02%
UNFI	C	0.02%
FTI	D	0.02%
XRAY	D	0.02%
MPW	B	0.02%
PENN	D	0.02%
ICLR	F	0.02%
CYH	B	0.02%
MIDD	D	0.02%
MKSI	F	0.02%
WERN	D	0.02%
CHK	D	0.02%
CAR	F	0.02%
FLO	C	0.02%
SQ	D	0.02%
BECN	D	0.02%
LECO	D	0.02%
CRI	C	0.02%
TGNA	C	0.02%
REZI	D	0.02%
SM	F	0.02%
PRGO	C	0.02%
TKR	D	0.02%
CC	F	0.02%
AL	D	0.02%
HUBG	C	0.02%
GGG	C	0.02%
ACI	D	0.02%
ASO	C	0.02%
UHAL	B	0.02%
POR	A	0.02%
JWN	C	0.02%
ASGN	D	0.02%
TPX	C	0.02%
NVT	D	0.02%
NFG	A	0.02%
RUSHA	C	0.02%
KBR	D	0.02%
WPC	B	0.02%
TTC	D	0.02%
MUR	F	0.02%
HRB	C	0.02%
FCNCA	D	0.02%
AR	D	0.02%
DAR	F	0.02%
BTU	D	0.02%
GLPI	B	0.02%
EXP	A	0.02%
DCI	D	0.02%
NAVI	C	0.02%
ATR	A	0.02%
BJ	D	0.02%
XRX	F	0.02%
STWD	B	0.02%
PAG	D	0.02%
POST	C	0.02%
MDU	B	0.02%
ST	F	0.02%
AXTA	C	0.02%
QRTEA	F	0.02%
CPRI	D	0.02%
NOV	F	0.02%
LAMR	A	0.02%
SEIC	C	0.02%
NSIT	C	0.02%
PRI	B	0.02%
BRX	B	0.02%
G	B	0.02%
PII	D	0.02%
EHC	B	0.02%
PK	F	0.02%
LSTR	D	0.02%
ABG	F	0.02%
THG	A	0.02%
ALK	C	0.01%
HTZ	F	0.01%
COHR	C	0.01%
CNXC	D	0.01%
MATX	C	0.01%
DELL	D	0.01%
VSH	F	0.01%
DBX	D	0.01%
ANDE	D	0.01%
MSM	D	0.01%
WTRG	D	0.01%
ARCH	D	0.01%
JAZZ	D	0.01%
VAC	F	0.01%
DK	F	0.01%
CHE	C	0.01%
AEO	F	0.01%
BLD	D	0.01%
MMS	D	0.01%
TNL	F	0.01%
LILAK	C	0.01%
MTN	D	0.01%
BIG	F	0.0%

FNDX Underweight 31 Positions Relative to SSPY

Symbol	Grade	Weight
MTCH	C	-0.51%
TYL	B	-0.41%
DAY	C	-0.25%
INCY	C	-0.25%
PAYC	D	-0.25%
MPWR	C	-0.23%
ENPH	D	-0.21%
ROL	B	-0.19%
UAL	C	-0.18%
PTC	D	-0.16%
TECH	D	-0.14%
ETSY	F	-0.13%
FOX	C	-0.12%
CRWD	D	-0.11%
PODD	B	-0.11%
BIO	C	-0.1%
SMCI	F	-0.1%
NWS	D	-0.1%
AXON	A	-0.1%
ABNB	D	-0.09%
NCLH	C	-0.09%
LYV	C	-0.09%
RCL	B	-0.09%
FRT	B	-0.08%
FICO	A	-0.06%
WYNN	D	-0.06%
MKTX	C	-0.06%
DXCM	F	-0.06%
FDS	C	-0.04%
CSGP	D	-0.04%
VLTO	B	-0.03%